Premium Pension Limited said its assets under management (AUM) increased to N1.344 trillion at the end of the 2024 financial year.
The AUM, the company said, grew by 18.58 per cent year-on-year despite global economic uncertainties.
Chairman of the Board, Bitrus Kwaji, said this at the firm’s 20th yearly general meeting held in Abuja.
The event, attended by distinguished shareholders, esteemed board members, regulatory authorities and other valued stakeholders, highlighted the company’s achievements, resilience and strategic vision for the future.
“The occasion is a testament to our resilience, dedication and commitment to providing exceptional pension fund administration services to millions of Nigerians. Over the years, we have grown into one of the most trusted PFAs in the industry, prioritising professionalism, transparency, and superior customer service,” he stated.
Kwaji said its revenue growth increased by 19.66 per cent to N13.93 billion, while profit before tax (PBT) rose by 23.14 percent to N5.635 billion. Profit after tax (PAT) stood at N3.552 billion.
The shareholders got a final dividend of N2.20 per share, amounting to N1.446 billion, in addition to the N2.06 per share interim dividend paid earlier.
The company’s registered retirement saving account holders reached 818,199 at the end of 2024, accounting for 7.71 per cent of the industry total.
The 2024 financial year also saw key leadership transitions to drive the company towards greater achievements. Following an internal review, the executive management team was restructured, leading to the appointment of Hamisu Bala Idris as the new managing director in August 2024.
